IFSE Institute Exam LLQP Topic 3 Question 16 Discussion

Actual exam question for IFSE Institute's LLQP exam

Question #: 16
Topic #: 3

[All LLQP Questions]

Alex is meeting with his financial advisor, Shannon, to discuss potential life insurance options. Alex's need for insurance will increase gradually over time due to growth on his investment properties. He would like the mortgages and taxable gains paid off if he were to pass away. Shannon recommends a permanent policy, as Alex's need is long-term, and could extend beyondany period of time a term policy would cover. Alex also wants to add an extra coverage onto this policy as he wants to be provided with additional growth over time he needs.

Which rider would work for Alex?

APaid-up additions rider with restriction

BGuaranteed insurability benefit rider

CTerm insurance rider

DAccidental death rider

Show Suggested Answer

Suggested Answer: A

by Ben at Jun 14, 2025, 06:59 AM

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Oretha

3 days ago

I think the Guaranteed insurability benefit rider would be the best option for Alex. It allows him to increase his coverage over time as his needs grow, which is exactly what he's looking for.

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